Hinduja-owned IndusInd International Holdings’ (IIHL) ₹9,861-crore acquisition of Anil Ambani-promoted Reliance Capital has hit another roadblock, with the Mauritius based company saying the final payment to...
Oaktree clinches sale of Italian bank Banca Progetto to Centerbridge
Investment firm Oaktree Capital Management has struck a deal to sell Banca Progetto, an Italian specialty finance bank, to funds managed by private equity firm Centerbridge Partners, the lender said in a statement on...
CCI approves Canadian pension fund’s additional stake buy in Highway Infrastructure Trust
Fair trade regulator CCI on Tuesday cleared Canada-based Ontario Teachers Pension Plan Board’s proposal to acquire additional unitholding in Highway Infrastructure Trust. “CCI approves additional acquisition...
Sebi approves IIHL’s acquisition of PMS business unit of Invesco AMC
Capital market regulator Sebi has granted its approval to Hinduja Group firm IndusInd International Holdings for the acquisition of Invesco AMC’s portfolio management services business. According to sources...
Taiwan’s CTBC raises bid size for Shin Kong to 51% stake
Taiwanese conglomerate CTBC Financial late on Friday raised its bid for Shin Kong to a 51% stake of the company, challenging an existing plan for its smaller rival to merge with Taishin. Updating a previous announcement...
Reliance Capital lenders move NCLAT over IIHL’s payment delay
The secured lenders of Reliance Capital have moved the National Company Law Appellate Tribunal seeking to modify the tribunal’s order to include interest on the delayed payment by Hinduja Group-owned IndusInd...
SBI Mutual Funds get RBI approval to acquire 9.99% stake in Karur Vysya Bank, increasing its presence in banking sector
Karur Vysya Bank (KVB) on 23 August announced that the Reserve Bank of India (RBI) granted its approval for SBI Mutual Fund (SBI MF) to acquire up to 9.99 per cent of the bank’s paid-up share capital or voting...
HDFC Bank rejects MUFG’s $2 billion cheque for NBFC arm
The largest foreign direct investment (FDI) proposal in financial services in the country—involving the biggest banks in Japan and India by market capitalisation—is now dead. The board of HDFC Bank on Wednesday rejected...
CCI nod sought for merger of Tata Motors Finance with Tata Capital
Tata Capital Ltd (TCL) has sought the Competition Commission of India’s (CCI) approval for its proposal to absorb Tata Motors Finance Ltd (TMFL). In a filing with the antitrust regulator last week, the company...
Asia Opportunities V sells 3% stake in PNB Housing for Rs 676 crore
Asia Opportunities V (Mauritius) on Thursday offloaded a 3 per cent stake in PNB Housing Finance for over Rs 676 crore in an open market transaction, while the Government of Singapore purchased 16 lakh shares in PNB...
NCLT dismisses petitions by minority shareholders opposing delisting of ICICI Securities
The Mumbai bench of the National Company Law Tribunal has dismissed applications filed by minority shareholders opposing the delisting of ICICI Securities, while allowing the company to go ahead with the plan. The...
General Atlantic exits India’s PNB Housing in $127 mln deal
U.S. private equity firm General Atlantic on Wednesday sold its entire stake worth 10.69 billion rupees ($127.40 million) in India’s PNB Housing Finance, stock exchange data showed. Shares of the mortgage lender...
